Hire an Expert to Sell your Business in California

We solve that problem for you.

Why You Need an Expert to sell your California Business

The recent successful sale of a California manufacturing business is just one example of how the tried-and-true techniques of a Lifetime Certified Business Broker can help sell nearly any business in almost any circumstance.

Based on our experience, a prospective business Seller may struggle with many of the same questions:

• “Is it the right time to sell my business?”
• “How do I get an accurate value of my business so I can sell at the right price?”
• “How do I know I’m taking all the right legal and financial precautions?”
• “Who can I trust to help me find the best Buyer for my business?”

To sell a business for its highest value, you need the best cash flow or net income. Unfortunately, many California business owners unwittingly undermine their business’s value by focusing too heavily on the selling process. 

The best approach is for the business Seller to focus on running the business and hire the right Business Broker in California to assist with what they do best—value and handle all the intricacies of successfully selling the company.

Use the form below to get in touch with us. We look forward to hearing from you!

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YOUR BUSINESS WILL HAVE A MUCH HIGHER CHANCE OF SELLING AT A GOOD PRICE

IS YOUR BUSINESS CURRENTLY OPERATING AT THE TOP OF ITS GAME

If you’ve ever bought and sold stock, you might assume a similar market is available for privately held businesses.

However, selling a privately held company is much more complicated than selling shares. This is because each privately held business is run differently.

We’ve created a comprehensive document explaining every step of the selling process.

We want to help you understand what to expect when determining the proper price for your business, how it is done, and the various steps to successfully close the sale of your business.

One final challenge to share, your business will have a much higher chance of selling at a reasonable price if it operates at the top of its game. For example, suppose you’re trying to navigate a lease or renewing a lease, and a Small Business Administration (SBA) loan. In that case, you’ll likely not focus on maximizing your business operations. The more effort you put into the selling process, the less effort you put into making your business look appealing to a Buyer.

We suggest splitting up the responsibility. You do what you do best: run your business for maximum profits. In return, we’ll do what we do best: attract a highly qualified Buyer to offer you an incredible price for your business.

READY TO SELL?

STEPS TO SELLING YOUR BUSINESS IN CALIFORNIA

STEP 1

Have a Plan for Selling Your Business

To start, you’ll need to create a selling plan. This includes an accurate business valuation.  The business valuation helps you as well as the buyer.  It also helps a third party lender if a buyer needs a loan.  We conduct a full valuation for you. 

The information necessary for the business valuation includes tax statements, P&Ls, Balance Sheet and business plans.  If you have marketing strategies, training materials, and other management processes and procedures, they enhance the business assets.

Valuing your business

If that valuation concludes you can’t get the price you were hoping for if you sell now, your plan will include steps to increase the value of your business before you put it up for sale.

You’ll need to recast your financial statements, as your tax documents are typically prepared to show the lowest profits possible. That’s great for taxes, but it’s the worst possible strategy to convince a Buyer that your business is worth buying. Your company’s finances must be presented in a light that makes them appealing to buyers.

Finally, you’ll prepare an Executive Summary of your business and a Confidential Business Review. Only then are you prepared to seek out potential buyers.

STEP 2

Do a Search

If you don’t have a plan for finding qualified buyers, now is the time to create one. You’ll need to identify buyers with an interest in your type of business, preferably those with the financial means to invest. You’ll distribute your Executive Summary to those buyers, so it needs to be very compelling.  This helps form the basis for a buyer to make their decision to continue their interest or whether to look elsewhere.

Working with a buyer

Once a Buyer shows interest, you’ll need to qualify them to ensure they have the financial ability to buy your business.  To help with this step, ask the buyer to complete your Non Disclosure Agreement (NDA).  If a buyer does this successfully, be ready to share your company’s Confidential Business Review or Confidential Information Memo. Make sure your NDA is iron-clad – or all your business’s secrets could disappear.

You’ll need to determine the level of interest of the Buyer.  This can be difficult because most Buyers are typically looking at and making offers on other businesses for sale. 

If you get a Buyer willing to move forward, it’s time to make a deal.

STEP 3

Make a Deal

You’ll meet with your Buyer and give them a tour of your business. 

This provides an opportunity gauge the Buyer’s interest, particularly if you have other offers. If you reject a second Buyer because you think this one will pay a higher price, you could lose out when the first Buyer bails at the last minute.

If you’re confident, you’ll motivate the Buyer to act by offering a firm purchase. You’ll then negotiate a price and, if successful, write up an LOI or Asset Purchase Agreement to seal the deal.

STEP 4

Close the Deal

Once more, you’ll need to open due diligence. Your Buyer will need to apply for financing if necessary and obtain the lender’s instructions.

You’ll open Escrow and start the Bulk Sale process. If all the paperwork is filed correctly, every ‘i’ is dotted and every ‘t’ is crossed, you’ll finally sign the final documents.

We look forward to hearing from you!

Let’s Talk

Making sure his client’s needs are met and even putting those needs ahead of his own interests is one of the core reasons Andrew Rogerson, a Lifetime Certified Business Broker (LCBB) based in Sacramento, California, offers to consult and work with you.

Andrew Rogerson at Rogerson Business Services is a Lifetime Certified Business Intermediary and expert in business acquisitions and sales of 26+ years, a 5-time successful business owner, Certified Mergers & Acquisition Professional, Mergers & Acquisition Master Intermediary, Lifetime Certified Business Broker.  Andrew is also the author of 4 books, including selling, buying and starting a business.

Published author of four books on business ownership.
These books help you understand how to become a new business owner or if it’s time for you to do something else in life and sell your business.

Andrew Rogerson helps business owners plan and execute the sale or purchase of a business in California and consults with them on how to strengthen their ventures, thereby increasing their value. Andrew, part of the deal team at Rogerson Business Services, offers business brokerage services, delivering exceptional value to California business owners in the areas of business acquisitions and salesbusiness valuations, and Machinery & Equipment valuations.

Andre Rogerson from Rogerson Business Services
Rogerson Business Services is a business brokerage service based in California.

About Us

Rogerson Business Services is a business brokerage service based in California.

If you are ready to sell your California business, let us know your questions.  Whether you are selling a medical practice, an HVAC business, a landscaping business, or any other business with gross revenue greater than $2 million, contact us today to learn about our successfully selling your business program.

We’re happy to talk with you about the process of selling your business. Give us a call or contact us when you are ready.

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